| The KUIK Morning Market Report for Wednesday, March 4: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (138) | points | 18,066 | 6:59 AM | ||
| S&P500 | Down | -0.7% | percent | 2,093 | (14.81) | ||
| Nasdaq Composite | Down | -0.7% | percent | 4,947 | (32.54) | ||
| 30 Year Treasury | Down | (1) | Basis Points | 2.70 | Annual Yield | ||
| Automatic Data Processing reports private sector employers added 212,000 jobs in February, below January’s revised gain of 250,000 and below expectations. | |||||||
| There is no reason for the U.S. central bank to be in a rush to tighten monetary policy, until it has much greater confidence that inflation will rise to an annual target of 2%, said Charles Evans, the president of the Chicago Fed,today in suburban Chicago. He repeated his view that the Fed should be patient until early next year. Evans is a voting member of the Fed policy committee, and one of the most dovish of the Fed presidents. He doesn’t see inflation rising to the Fed’s 2% annual rate target until 2018 and added that he has “serious concerns” that inflation will run even lower than his forecast | |||||||
| Investors are waiting for details on the European Central Bank’s debt-purchase program tomorrow. ECB President Mario Draghi on January 22 announced a 1.1 trillion-euro ($1.2 trillion) quantitative-easing plan to counter slowing growth and the threat of deflation, spurring a rally across stock markets worldwide. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/private-sector-adds-212000-jobs-in-february-adp-2015-03-04-8912123 | |||||||
| http://www.marketwatch.com/story/feds-evans-no-reason-to-hurry-to-raise-rates-2015-03-04 | |||||||
| http://www.bloomberg.com/news/articles/2015-03-04/u-s-index-futures-drop-indicating-equities-to-fall-second-day | |||||||
| For today’s Morning Market Report click to listen-> | |||||||